Oklahoma State Treasurer Todd Russ released the Gross receipts for March 2024.
The following are some highlights from the report:
- OK Unemployment Rate has increased to 3.6% for February after remaining at 3.5% for five months
- US Unemployment Rate has increased to 3.9% as well after remaining at 3.7% for three months
- Consumer prices rose to 0.4% for February, after rising to 0.3% for January
- Shelter and Gasoline contributed over 60% of the increase with energy rising 2.3%.
- The food index remained unchanged
- Gross receipts totaled $1.34 billion
- That’s a $55.9 million decrease from March 2023
- Income Tax is down $17.7 million from $482.5 million, or 3.5%
- Individual tax is down $4.7 million from $426.8 million
- A 1.1% decrease
- Corporate Tax of $55.8 million is down $13 million
- An 18.9% decrease
- Individual tax is down $4.7 million from $426.8 million
- Combined Sales Tax and Use Tax are up $13.9 million from $569.8 million, a 2.5% increase
- Sales Tax of $477.8 million is up $7.7 million
- A 1.6% increase
- Use Tax raised $6.1 million from $92 million
- A 7.2% increase
- Sales Tax of $477.8 million is up $7.7 million
- Gross Production Taxes of $82.7 million is down $73.9 million
- A whopping 47.2% decrease
- Motor Vehicle Taxes of $85 million is up $5.8 million
- A 7.3% increase
- Other sources of tax, consisting of $123.7 million, are down $16 million
- A 14.9% decrease
